Malaysian palm oil prices fall pressured by stocks as exports slide

April 16, 2020 |

In Malaysia, Reuters reported palm oil futures fell nearly 3%, weighed down by domestic stocks and falling export demand as the world shuts down to battle COVID-19. The government has decided to postpone the roll out of its B20 blending mandate as well, which will further add to stocks and put more pressure on prices. Already, cargo surveyors expect that exports during the first 10 days of April were as much as 12% lower on the month.

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Category: Fuels

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